Updated on 16 June 2019
Privatbanka operates as a universal bank providing retail, privateand corporate banking products and services to individuals and business customers.Privatbanka is the first bank in Slovakia specialising in private banking andasset management. Privatbanka offers its clients specialised financial andinvestment services tailored to their needs and expected returns on assets.
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Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Slovakia: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 12 month to 5 years (60 months).The interest rates are within the range 0.80 - 1.40 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Slovakia.
Time deposit accounts made with credit institutions in Slovakia are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
In February 2019, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 1.18 %.
Slovakia's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).